Daily Brief Industrials: Rush Enterprises Inc Cl A, Emcor Group Inc, Ingersoll Rand , Team , Keppel Infrastructure Trust, Verbrec and more

• Information provided is for informational purposes only, not investment advice
• Author may hold a long position in securities mentioned
• Investors advised to seek professional advice before making investment decisions based on this material

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• EMCOR Group’s third-quarter 2024 results reflect significant revenue growth, robust operating income, and a strong backlog of projects, underscoring its strategic expansion into resilient market sectors.
• The company reported record revenues of $3.7 billion, showing a 15.3% increase year-over-year, and operating income surged by 54.7% to $363.5 million.
• Diluted earnings per share also rose considerably from $3.57 in the third quarter of 2023 to $5.80 this quarter.

• Ingersoll Rand reported its Q3 2024 financial results, showcasing a mix of strong performance and growth challenges, against a backdrop of macroeconomic uncertainty.
• The company recorded significant results, achieving record orders and revenue increases, with adjusted EBITDA margins expanding by over 200 basis points and free cash flow margins reaching 20%.
• Despite these achievements, Ingersoll Rand acknowledged that the challenging macro environment has impacted customer order timing and site readiness, leading to adjustments in revenue expectations for the full year.

• Services focus on greenhouse gas emission reduction, energy maintenance, insulation, and hot tapping
• Management team has a successful track record and is focused on market share
• Strong balance sheet post-sale positions Team for future growth and success

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• KEPPEL INFRASTRUCTURE TRUST (KIT) is an infrastructure trust listed in Singapore. KIT is managed by Keppel Infrastructure Fund Management Pte Ltd (KIFM) and is sponsored by Keppel, a global asset manager and operator. KIFM is a wholly-owned subsidiary of Keppel.
• The Trustee-Manager, KIFM, has dual responsibility of safeguarding the interests of KIT Unitholders, and managing the business conducted by KIT.
• The Trustee-Manager has general powers of management over the business and the assets of KIT and its main responsibility is to manage KIT’s assets and liabilities for the benefit of Unitholders as a whole.

• RaaS has published an update on engineering, asset management, and infrastructure and training services group Verbrec (ASX:VBC) following its recent AGM at which the company released an updated sales pipeline for the remainder of FY25, stating strong expected win rates of at least equal to last year’s 36%.
• We retain our existing forecasts with FY25 revenue growth of 11% to $103.2m and EBITDA growth of 19% to $10.5m.
• However, the AGM commentary gives us additional comfort and confidence that VBC is well placed to deliver those forecasts.